Currency Converter
Live exchange rates from the European Central Bank.
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Exchange rates provided by Frankfurter (European Central Bank data).
Live exchange rates from the European Central Bank.
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Exchange rates provided by Frankfurter (European Central Bank data).
Foreign exchange (forex) is the global marketplace where currencies are traded against each other. Every currency has an exchange rate relative to other currencies, determined by supply and demand, interest rates, inflation, and geopolitical factors. When you convert one currency to another, you are buying the target currency and selling the source currency at the current market rate.
The forex market operates 24 hours a day across major financial centers including London, New York, Tokyo, and Sydney. Daily trading volume exceeds $7 trillion, making it the largest and most liquid financial market in the world. Exchange rates fluctuate constantly during trading hours, though the rates shown here are daily reference rates published by the European Central Bank.
There are several types of exchange rates you may encounter. The mid-market rate (also called the interbank rate) is the midpoint between buy and sell prices on the global currency market. This is the fairest rate and is what this tool displays using ECB reference data.
Retail exchange rates from banks, airports, and currency exchange services typically add a markup of 2-8% above the mid-market rate. Credit card companies generally offer better rates, usually within 1-3% of the mid-market rate. When comparing conversion options, always check the effective rate against the mid-market rate to understand how much markup you are paying.
If you need to exchange currency for travel or business, timing and method matter. Avoid exchanging money at airports or hotels where markups are highest. Instead, use a multi-currency bank account or a travel-focused debit card that offers near mid-market rates with low or no foreign transaction fees.
For larger transfers such as paying international invoices or sending money abroad, consider specialized transfer services that typically offer better rates and lower fees than traditional banks. Always compare the total cost including both the exchange rate markup and any flat fees before choosing a provider.
The exchange rates in this tool come from the European Central Bank (ECB) via the Frankfurter API. The ECB publishes reference rates for approximately 30 currencies every working day at around 16:00 CET. These rates are based on a regular daily concertation procedure between central banks across Europe and worldwide.
ECB reference rates are widely used as a benchmark for currency conversion in contracts, financial statements, and tax calculations. While they may differ slightly from real-time market rates, they provide a reliable, transparent, and freely available source of exchange rate data that is trusted by governments and financial institutions across the European Union.
All exchange rates come from the Frankfurter API, which sources its data from the European Central Bank (ECB). The ECB publishes reference rates for approximately 30 currencies every working day. These rates are based on a regular daily concertation procedure between central banks and represent a widely trusted benchmark for currency conversion.
The ECB publishes new reference rates once per working day, typically around 16:00 CET (Central European Time). Rates are not updated on weekends or ECB holidays. The Frankfurter API reflects these updates shortly after publication. You can click the Refresh button to fetch the latest available rates at any time.
ECB reference rates are widely used as benchmarks in contracts and financial reporting. However, the actual rate you receive from your bank or exchange service will differ due to markups and fees. This tool is best used for estimating conversion amounts and comparing against rates offered by financial service providers.
This tool supports all currencies published by the European Central Bank, which includes roughly 30 major world currencies such as USD, EUR, GBP, JPY, CAD, AUD, CHF, INR, and many more. The full list is loaded directly from the Frankfurter API and includes currencies from every major economic region.
Different sources use different rate providers and update frequencies. Some sites show real-time interbank rates that change every second, while this tool uses the ECB daily reference rate. Additionally, many comparison sites show rates that include their own markup. The ECB rate is a neutral mid-market benchmark without any commercial markup applied.